-
ARS 1,056.20 (-0.14%) -
BTC 60,990.00 (+0.26%) -
ETH 2,912.80 (+0.08%) -
SOL 144.86 (-0.04%) -
PEPE <0.01 (-0.92%) -
WIF 3.00 (-1.28%) -
WLD 5.86 (+0.93%) -
DOGE 0.14 (-2.36%) -
RNDR 10.90 (-0.52%) -
TNSR 0.92 (+5.87%) -
RUNE 5.93 (+2.58%) -
BOME 0.01 (-1.87%) -
NEAR 6.96 (-4.16%) -
ENA 0.84 (-1.75%) -
XRP 0.50 (+0.26%) -
JTO 4.07 (-0.68%) -
AR 41.92 (+0.62%) -
AVAX 33.40 (-0.03%) -
ARKM 2.53 (-1.98%) -
PORTAL 0.88 (+13.68%) -
USTC 0.02 (+1.00%) -
FTM 0.70 (-4.22%) -
ARPA 0.07 (+10.52%) -
ORDI 36.37 (+1.11%) -
PEOPLE 0.03 (+1.66%) -
BONK <0.01 (-1.33%) -
XVG <0.01 (+8.50%) -
FLOKI <0.01 (-0.91%)
CME Bitcoin trading volume surpasses Bybit but is it impacting BTC price
Published: 2023-08-31
1. Bitcoin trading volume surpasses Bybit - According to the article,the trading volume of Bitcoin on the Chicago Mercantile Exchange (CME) has surpassed that of Bybit,a popular cryptocurrency derivatives exchange. This indicates a growing interest in Bitcoin trading in traditional financial institutions. - The increased trading volume on CME could be attributed to the introduction of Bitcoin futures contracts,which allow institutional investors to speculate on the price movement of Bitcoin without owning the actual asset. - The CME's higher trading volume suggests that more institutional investors are entering the Bitcoin market,which could potentially lead to increased liquidity and price stability.
2. Impact on Bitcoin price - The article addresses the question of whether the increased trading volume on CME is impacting the price of Bitcoin. It explains that while trading volume is an important factor in determining price,it may not be the sole driver of price movements. - The article mentions that other factors such as market sentiment,regulatory developments,and macroeconomic conditions also play a significant role in influencing the price of Bitcoin. Therefore,it is difficult to directly attribute price changes solely to the trading volume on CME. - However,the increased trading volume on CME could contribute to the overall market perception and confidence in Bitcoin,potentially attracting more investors and influencing the price indirectly.
3. Implications for the cryptocurrency market - The surpassing of Bybit by CME in trading volume reflects a growing acceptance and interest in Bitcoin among institutional investors. This development could signal a maturing cryptocurrency market,as more traditional financial players become involved. - The increased involvement of institutional investors could bring additional liquidity and stability to the cryptocurrency market,reducing the volatility that has long been associated with Bitcoin and other cryptocurrencies. - Moreover,the article suggests that the entry of traditional financial institutions into Bitcoin trading could pave the way for the introduction of more regulated and institutional-grade investment products,which may further strengthen the legitimacy of the cryptocurrency market. Overall,the article focuses on the increased trading volume of Bitcoin on CME compared to Bybit,discusses the potential impact on the price of Bitcoin,and highlights the implications for the cryptocurrency market as a whole.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,056.20 | 2,126,661,541.80 |
| 2 | BTC |
60,990.00 | 673,838,285.08 |
| 3 | ETH |
2,912.80 | 324,926,577.23 |
| 4 | SOL |
144.86 | 234,441,354.35 |
| 5 | PEPE |
<0.01 | 177,709,728.46 |
| 6 | WIF |
3.00 | 96,412,588.20 |
| 7 | WLD |
5.86 | 88,599,497.27 |
| 8 | DOGE |
0.14 | 87,990,139.89 |
| 9 | RNDR |
10.90 | 69,086,286.72 |
| 10 | TNSR |
0.92 | 64,484,686.96 |
| 11 | RUNE |
5.93 | 56,207,921.68 |
| 12 | BOME |
0.01 | 56,005,306.61 |
| 13 | NEAR |
6.96 | 51,715,187.57 |
| 14 | ENA |
0.84 | 45,947,334.89 |
| 15 | XRP |
0.50 | 39,240,851.47 |
| 16 | JTO |
4.07 | 38,389,326.73 |
| 17 | AR |
41.92 | 33,490,135.24 |
| 18 | AVAX |
33.40 | 27,332,837.27 |
| 19 | ARKM |
2.53 | 27,218,462.66 |
| 20 | PORTAL |
0.88 | 26,988,031.85 |
| 21 | USTC |
0.02 | 25,837,294.72 |
| 22 | FTM |
0.70 | 25,823,631.86 |
| 23 | ARPA |
0.07 | 25,759,862.96 |
| 24 | ORDI |
36.37 | 23,451,334.08 |
| 25 | PEOPLE |
0.03 | 23,256,522.29 |
| 26 | BONK |
<0.01 | 22,966,260.95 |
| 27 | XVG |
<0.01 | 22,456,432.54 |
| 28 | FLOKI |
<0.01 | 20,998,987.17 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  RARE |
0.15 | +25.97 |
| 2 | PORTAL |
0.88 | +13.68 |
| 3 |  AERGO |
0.14 | +13.13 |
| 4 | ARPA |
0.07 | +10.52 |
| 5 | XVG |
<0.01 | +8.50 |
| 6 | TNSR |
0.92 | +5.87 |
| 7 |  HIVE |
0.35 | +5.87 |
| 8 |  GAL |
3.35 | +5.42 |
| 9 |  CVC |
0.17 | +4.74 |
| 10 |  IMX |
2.28 | +4.27 |
| 11 |  HIGH |
4.74 | +3.99 |
| 12 |  GMX |
29.00 | +3.91 |
| 13 |  POLYX |
0.38 | +3.58 |
| 14 |  RPL |
19.78 | +3.51 |
| 15 |  OG |
4.61 | +3.48 |
| 16 |  IQ |
<0.01 | +3.19 |
| 17 |  CHESS |
0.18 | +3.02 |
| 18 | RUNE |
5.93 | +2.58 |
| 19 |  PHA |
0.19 | +2.49 |
| 20 |  HBAR |
0.11 | +2.16 |
| 21 |  PIXEL |
0.38 | +2.03 |
| 22 |  IOTX |
0.05 | +1.96 |
| 23 |  ERN |
4.75 | +1.93 |
| 24 |  AEVO |
1.22 | +1.92 |
| 25 |  ACA |
0.11 | +1.89 |
| 26 |  1000SATS |
<0.01 | +1.88 |
| 27 |  NEO |
15.37 | +1.79 |
| 28 | PEOPLE |
0.03 | +1.66 |
| 29 |  OM |
0.69 | +1.48 |
| 30 |  SAGA |
2.79 | +1.29 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  ARK |
0.81 | -10.28 |
| 2 |  CITY |
3.32 | -9.87 |
| 3 |  QI |
0.02 | -6.79 |
| 4 |  C98 |
0.26 | -5.81 |
| 5 |  GLM |
0.53 | -5.32 |
| 6 |  XEM |
0.04 | -5.13 |
| 7 |  TRU |
0.11 | -5.11 |
| 8 |  IDEX |
0.06 | -4.87 |
| 9 |  AXL |
1.03 | -4.80 |
| 10 |  REZ |
0.13 | -4.68 |
| 11 |  VIC |
0.46 | -4.51 |
| 12 |  ASR |
3.60 | -4.43 |
| 13 |  ZEN |
8.23 | -4.30 |
| 14 | FTM |
0.70 | -4.22 |
| 15 |  BAKE |
0.27 | -4.20 |
| 16 | NEAR |
6.96 | -4.16 |
| 17 |  BICO |
0.42 | -3.99 |
| 18 |  REN |
0.06 | -3.81 |
| 19 |  UMA |
3.92 | -3.80 |
| 20 |  FIS |
0.48 | -3.76 |
| 21 |  FXS |
4.16 | -3.66 |
| 22 |  TFUEL |
0.10 | -3.59 |
| 23 |  UTK |
0.08 | -3.38 |
| 24 |  RSR |
<0.01 | -3.23 |
| 25 |  LAZIO |
2.64 | -3.19 |
| 26 |  PYTH |
0.46 | -3.04 |
| 27 |  THETA |
1.99 | -3.02 |
| 28 |  DASH |
28.25 | -3.02 |
| 29 |  CELR |
0.03 | -3.02 |
| 30 |  AKRO |
<0.01 | -3.01 |
Bitcoin's Greed and Fear Index.
?56
Greed
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | FOMC Member Jefferson Speaks | Monday | 13-05-2024 | 14:00 |
| 2 | FOMC Member Mester Speaks | Monday | 13-05-2024 | 14:00 |
| 3 | Mortgage Delinquencies | Monday | 13-05-2024 | 15:00 |
| 4 | NFIB Small Business Index | Tuesday | 14-05-2024 | 11:00 |
| 5 | Core PPI m/m | Tuesday | 14-05-2024 | 13:30 |
| 6 | PPI m/m | Tuesday | 14-05-2024 | 13:30 |
| 7 | FOMC Member Cook Speaks | Tuesday | 14-05-2024 | 14:10 |
| 8 | Fed Chair Powell Speaks | Tuesday | 14-05-2024 | 15:00 |
| 9 | Core CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 10 | Core Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 11 | CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 12 | CPI y/y | Wednesday | 15-05-2024 | 13:30 |
| 13 | Empire State Manufacturing Index | Wednesday | 15-05-2024 | 13:30 |
| 14 | Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 15 | Business Inventories m/m | Wednesday | 15-05-2024 | 15:00 |
| 16 | NAHB Housing Market Index | Wednesday | 15-05-2024 | 15:00 |
| 17 | Crude Oil Inventories | Wednesday | 15-05-2024 | 15:30 |
| 18 | FOMC Member Bowman Speaks | Wednesday | 15-05-2024 | 20:20 |
| 19 | TIC Long-Term Purchases | Wednesday | 15-05-2024 | 21:00 |
| 20 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 21 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 22 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 23 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 24 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 25 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 26 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 27 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 28 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 29 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 30 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 31 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 32 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 33 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
